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The price of crude oil during the period 2000-2010 can be approximated by P(t) = 6t+ 18 dollars per barrel (0 sts 10) in year t, where t = 0 represents 2000. Russia's crude oil production over the same period can be approximated by Q(t) = -0.08t² + 1.2t + 5.5 million barrels per day (0 st≤ 10).† Use these models to estimate Russia's daily oil revenue and also its rate of change in 2002. (Round your answers to the nearest $1 million.) daily oil revenue million rate of change in 2002 $ 72 million per year

The price of crude oil during the period 2000-2010 can be approximated by P(t) = 6t+ 18 dollars per barrel (0 sts 10) in year t, where t = 0 represents 2000. Russia's crude oil production over the same period can be approximated by Q(t) = -0.08t² + 1.2t + 5.5 million barrels per day (0 st≤ 10).† Use these models to estimate Russia's daily oil revenue and also its rate of change in 2002. (Round your answers to the nearest $1 million.) daily oil revenue million rate of change in 2002 $ 72 million per year

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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The price of crude oil during the period 2000-2010 can be approximated by P(t) = 6t + 18 dollars per barrel (0 ≤ t ≤ 10) in year t, where t = 0 represents 2000. Russia's crude oil production over the same period can be approximated by Q(t) = -0.08t² + 1.2t + 5.5 million barrels per day (0 ≤ t ≤ 10).† Use these models to estimate Russia's daily oil revenue and also its rate of change in 2002. (Round your answers to the nearest $1 million.) daily oil revenue million rate of change in 2002 $ 72 million per year
Transcribed Image Text:The price of crude oil during the period 2000-2010 can be approximated by P(t) = 6t + 18 dollars per barrel (0 ≤ t ≤ 10) in year t, where t = 0 represents 2000. Russia's crude oil production over the same period can be approximated by Q(t) = -0.08t² + 1.2t + 5.5 million barrels per day (0 ≤ t ≤ 10).† Use these models to estimate Russia's daily oil revenue and also its rate of change in 2002. (Round your answers to the nearest $1 million.) daily oil revenue million rate of change in 2002 $ 72 million per year
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